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Required: 2. Record each of the summary transactions listed above. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Accrued salaries at year-end amounted
Required: 2. Record each of the summary transactions listed above. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Accrued salaries at year-end amounted to $19,600. Depreciation for the year on the equipment is $4,400. Office supplies remaining on hand at the end of the year equal $1,200. 7. Prepare an adjusted trial balance. 8-a. Prepare the income statement for the year ended December 31, 2024. 8-b. Prepare the classified balance sheet for the year ended December 31, 2024. 9. Record closing entries. 1., 3., 6., \& 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 11. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Prepare the classified balance sheet for the year ended December 31, 2024. (Amounts to be deducted should be indicated by a m sign.) The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $54,000, of which $20,400 is on account. 2. May 2 Collect on accounts receivable, $17,400. 3. June 30 Issue shares of common stock in exchange for $6,000 cash. 4. August 1 Pay salaries of $5,800 from 2023 (prior year). 5. September 25 Pay repairs and maintenance expenses, $12,400. 6. October 19 Purchase equipment for $7,400cash. 7. December 30 Pay $1,100 cash dividends to stockholders. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare an adjusted trial balance. Journal entry worksheet Note: Enter debits before credits. \begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|c|}{ Accounts Receivable } \\ \hline Debit & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & 0 & & \\ \hline \end{tabular} Prepare the classified balance sheet for the year ended December 31,2024 . (Amounts to be deducted should be indicated by a minus sign.)
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